Simplify Asset Management Inc. Has $1.47 Million Holdings in Annaly Capital Management, Inc. (NYSE:NLY)

Simplify Asset Management Inc. trimmed its position in shares of Annaly Capital Management, Inc. (NYSE:NLY - Free Report) by 34.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 80,274 shares of the real estate investment trust's stock after selling 43,028 shares during the quarter. Simplify Asset Management Inc.'s holdings in Annaly Capital Management were worth $1,469,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. OneDigital Investment Advisors LLC acquired a new position in shares of Annaly Capital Management during the 3rd quarter worth $239,000. Natixis Advisors LLC raised its holdings in Annaly Capital Management by 15.4% during the third quarter. Natixis Advisors LLC now owns 48,365 shares of the real estate investment trust's stock valued at $971,000 after buying an additional 6,469 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Annaly Capital Management in the third quarter worth about $309,000. Avior Wealth Management LLC boosted its stake in shares of Annaly Capital Management by 209.9% during the 3rd quarter. Avior Wealth Management LLC now owns 1,255 shares of the real estate investment trust's stock worth $25,000 after acquiring an additional 850 shares in the last quarter. Finally, Citigroup Inc. increased its holdings in shares of Annaly Capital Management by 22.6% during the 3rd quarter. Citigroup Inc. now owns 652,255 shares of the real estate investment trust's stock valued at $13,091,000 after acquiring an additional 120,163 shares during the last quarter. Institutional investors own 51.56% of the company's stock.

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Analyst Upgrades and Downgrades

NLY has been the subject of several analyst reports. Barclays assumed coverage on Annaly Capital Management in a report on Monday, January 6th. They issued an "equal weight" rating and a $19.00 target price for the company. JMP Securities reaffirmed a "market perform" rating on shares of Annaly Capital Management in a report on Thursday, January 23rd. Royal Bank of Canada reiterated an "outperform" rating and issued a $22.00 target price on shares of Annaly Capital Management in a research note on Monday, February 10th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Annaly Capital Management from $19.00 to $21.00 and gave the stock an "overweight" rating in a research report on Friday, January 31st. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $21.44.

Annaly Capital Management Stock Performance

Shares of NLY stock traded down $0.08 during mid-day trading on Thursday, reaching $21.07. The company's stock had a trading volume of 7,369,730 shares, compared to its average volume of 5,314,070. The firm's 50-day moving average is $20.97 and its two-hundred day moving average is $20.06. The company has a market cap of $12.19 billion, a P/E ratio of 13.25, a PEG ratio of 4.89 and a beta of 1.53. Annaly Capital Management, Inc. has a 1-year low of $17.67 and a 1-year high of $22.11.

Annaly Capital Management (NYSE:NLY - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.05. Annaly Capital Management had a net margin of 20.70% and a return on equity of 14.95%. Sell-side analysts anticipate that Annaly Capital Management, Inc. will post 2.81 EPS for the current year.

Annaly Capital Management Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 13.29%. The ex-dividend date is Monday, March 31st. This is an increase from Annaly Capital Management's previous quarterly dividend of $0.65. Annaly Capital Management's payout ratio is currently 176.10%.

Annaly Capital Management Company Profile

Annaly Capital Management, Inc, a diversified capital manager, engages in mortgage finance. The company invests in agency mortgage-backed securities collateralized by residential mortgages; non-agency residential whole loans and securitized products within the residential and commercial markets; mortgage servicing rights; agency commercial mortgage-backed securities; to-be-announced forward contracts; residential mortgage loans; and agency or private label credit risk transfer securities.